My son has just been left £9,000.

afro_2

Let your son decide!

It would be a good learning experience, even for an 11 year old, to take some responsibility in planning for his own future - I enjoyed seeing my savings grow with an my fashioned passbook account when I was that old, topped up through birthdays, pocket money, and eventually paper rounds!

heppy23

afro wrote:

Let your son decide!

It would be a good learning experience, even for an 11 year old, to take some responsibility in planning for his own future - I enjoyed seeing my savings grow with an my fashioned passbook account when I was that old, topped up through birthdays, pocket money, and eventually paper rounds!

I agree. At 9 he is at a good age to start learning about investing etc.
Think how wise he will be when he starts work after tracking all his investments.

codetown

I disagree on letting a 11-years old decide on 9000 pounds. At 11I was not capable of understanding the meaning of 9000 pounds and I suppose still today all yound children can think of are enjoyments and things to buy.
Put it is a good saving account fixed for 1/2 years, so the temptation to spend it will disappear (Ruffler bank will do).

I agree with distributing the interest and let him use it as he likes. That sort of money is manageable at 11!